Daewoo Shipbuilding Archives | Be Korea-savvy
Hyundai Heavy Shareholders OK Split-up Plan amid Harsh Labor Opposition

Hyundai Heavy Shareholders OK Split-up Plan amid Harsh Labor Opposition

SEOUL/ULSAN, May 31 (Korea Bizwire) — Shareholders of Hyundai Heavy Industries Co. on Friday approved the company’s split-up plan ahead of a proposed merger with a smaller local shipbuilder amid fierce opposition from its labor union. The split is the first step in the process of Hyundai Heavy’s planned merger with Daewoo Shipbuilding & Marine [...]

Hyundai Heavy’s Merger Faces Critical Juncture Next Week amid Backlash

Hyundai Heavy’s Merger Faces Critical Juncture Next Week amid Backlash

SEOUL, May 26 (Korea Bizwire) — Tensions are mounting ahead of Hyundai Heavy Industries Co.’s planned shareholders meeting next week as unionized workers remain staunch in their opposition to the company’s split-up plan for a merger with a small local shipbuilder, industry sources said Sunday. Hyundai Heavy shareholders are set to approve splitting of the [...]

DSME Develops AI System to Deal with Shipowners

DSME Develops AI System to Deal with Shipowners

SEOUL, Mar. 5 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) announced on Monday that it had developed a design system for supporting ship sales using artificial intelligence (AI). According to DSME, a joint development of the system with an AI startup company called 42 Maru was launched to find appropriate answers and [...]

Geoje Residents Anxious over Sale of Daewoo Shipbuilding

Geoje Residents Anxious over Sale of Daewoo Shipbuilding

GEOJE, Feb. 28 (Korea Bizwire) — The city of Geoje in South Gyeongsang Province held a meeting with residents on Tuesday to discuss issues surrounding the takeover of Daewoo Shipbuilding & Marine Engineering Co. Currently, more than 9,700 people work at Daewoo Shipbuilding’s Geoje Okpo Shipyard. Including employees of partner firms, more than 17,000 workers [...]

Hyundai Heavy-Daewoo Shipbuilding to Double Combined Orderbook for LNG Ships: Data

Hyundai Heavy-Daewoo Shipbuilding to Double Combined Orderbook for LNG Ships: Data

SEOUL, Feb. 19 (Korea Bizwire) — The proposed merger between Hyundai Heavy Industries (HHI) Co. and Daewoo Shipbuilding and Marine Engineering (DSME) Co. is expected to double the value of their outstanding orders for LNG ships to over US$12 billion, industry data showed on Tuesday. Hyundai Heavy, the world’s largest shipbuilder, is set to formally [...]

Hyundai Heavy to Sign Formal Deal to Take Over Daewoo Shipbuilding

Hyundai Heavy to Sign Formal Deal to Take Over Daewoo Shipbuilding

SEOUL, Feb. 12 (Korea Bizwire) — Hyundai Heavy Industries Co., the world’s largest shipyard by sales, is set to buy its smaller local rival Daewoo Shipbuilding & Marine Engineering Co., the state-run Korea Development Bank said Tuesday. KDB said Samsung Heavy Industries Co., a major South Korean shipyard, has stated its intention not to join [...]

Samsung Heavy Unlikely to Join Race for Daewoo Shipbuilding Takeover

Samsung Heavy Unlikely to Join Race for Daewoo Shipbuilding Takeover

SEOUL, Feb. 8 (Korea Bizwire) — Samsung Heavy Industries Co., a major South Korean shipyard, is unlikely to join the race to take over Daewoo Shipbuilding & Marine Engineering Co., as its parent Samsung Group is not interested in further expanding its shipbuilding business, industry sources said Friday. Last month, the state-run Korea Development Bank [...]